Bitcoin and Mining

In another section of the articles "What's Bitcoin", we are going to discuss the interesting topic of Bitcoin mining. Bitcoin is produced by extraction operation, which is time consuming and requires a lot of energy and is usually done with a set of computers. The following questions will be answered in this article:

What is Bitcoin mining?

How does Bitcoin mining work?

Isn't Bitcoin mining a waste of energy?

How does mining help secure Bitcoin?

What do I need to start mining?

Bitcoin and Transactions

In this part of the collection of articles "What is Bitcoin", We deal to Bitcoin deals. What are Bitcoin transactions, How much is the transfer time or how much does it fee. The following questions will be answered in this article:

Why do I have to wait for confirmation?

How much will the transaction fee be?

What if I receive a bitcoin when my computer is powered off?

What does "synchronizing" mean and why does it take so long?

Bitcoin and Economy (2)

In the second part of the article "Bitcoin and Economy", answer the rest of the questions in the first part of the article. Questions such as the following questions will be answered:

Doesn't Bitcoin unfairly benefit early adopters?

Won't the finite amount of bitcoins be a limitation?

Won't Bitcoin fall in a deflationary spiral?

Isn't speculation and volatility a problem for Bitcoin?

What if someone bought up all the existing bitcoins?

What if someone creates a better digital currency?

Bitcoin and Economy (1)

In the fourth part of the series of Bitcoin articles, we will look at Bitcoin and the Economy, and we will examine the relationship between these two. Bitcoin has entered the market as a fresh currency and new money, and its fate is tied to the economy. To do this, we need to know what bitcoin plays in the world today and what is Bitcoin's features in the economy. The following questions have been answered in this article:

How are bitcoins created?

Why do bitcoins have value?

What determines bitcoin’s price?

Can bitcoins become worthless?

Is Bitcoin a bubble?

Is Bitcoin a Ponzi scheme?

Doesn't Bitcoin unfairly benefit early adopters?

Won't the finite amount of bitcoins be a limitation?

Won't Bitcoin fall in a deflationary spiral?

Isn't speculation and volatility a problem for Bitcoin?

What if someone bought up all the existing bitcoins?

What if someone creates a better digital currency?

Bitcoin and Law

In this essay, which is in fact the third article in the series of articles "What is Bitcoin", explains the relationship between Bitcoin and the law, and how Bitcoin and its application are legally. Here are answers to the following questions:

Is Bitcoin legal?

Is Bitcoin useful for illegal activities?

Can Bitcoin be regulated?

What about Bitcoin and taxes?

What about Bitcoin and consumer protection?

What is Bitcoin? (2)

In the second part of the series of articles on what bitcoin is, questions such as the following questions are answered:

Is Bitcoin really used by people?

How does one acquire bitcoins?
How difficult is it to make a Bitcoin payment?
What are the advantages of Bitcoin?
What are the disadvantages of Bitcoin?
Why do people trust Bitcoin?
Can I make money with Bitcoin?
Is Bitcoin fully virtual and immaterial?
Is Bitcoin anonymous?
What happens when bitcoins are lost?
Can Bitcoin scale to become a major payment network?

What is Bitcoin? (1)

This post will talk about the world's most popular digital currency, Bitcoin, and what is essentially Bitcoin. There are many digital currencies in the world, including Ethereum, Litecoin, Dogecoin, and so on. But none of them gets bitcoin in terms of progress and value. To know what Bitcoin is, here are some descriptions from Bitcoin's site.

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